President Donald Trump’s first year of his second, nonconsecutive term brought all sorts of changes. His administration shuttered the United States Agency for International Development, had the ...
The latest report from the U.S. Treasury Department revealed the stark gap between government income and spending. In July, the government collected $338 billion in total receipts but spent $630 ...
The U.S. government's budget deficit grew nearly 20% in July to $291 billion despite a nearly $21 billion jump in customs duty collections from President Donald Trump's tariffs, with outlays growing ...
Recently, the Congressional Budget Office released its budget projections. Unsurprisingly, the outlook is dismal, and it is somewhat more dismal than last year. The net result is that deficits as a ...
WASHINGTON -- The federal government ended fiscal 2025 with a slightly lower deficit than fiscal 2024's total, thanks in part to the Trump administration's embrace of tariffs impacting imported ...
Federal outlays grew nearly as much, from $6.735 trillion in 2024 to $7.01 trillion in 2025. The main drivers were an additional $294 billion spent on Medicaid, Medicare, and Social Security. Last ...
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